ISM Non-Manufacturing PMI Drops

The ISM Non-Manufacturing PMI reported a decline to 50 in September, down from 51.7 in August. A reading above 50 indicates expansion, while below suggests contraction, reflecting slowing growth in the service sector.

Economic Insights from Rick Santelli

Economic commentator Rick Santelli shared insights on the latest data during his segment on ‘Squawk on the Street,’ highlighting the significance of the PMI’s drop for market expectations and economic forecasts.